Dow Jones and Revere Data have teamed up to provide traders with an enhanced news source for analyzing and identifying trading, investing and hedging opportunities.
Under the agreement, users of the Dow Jones Elementized News Feed and the Dow Jones News & Archives text feed can integrate with The Revere Relationships database. This relationship information focuses on the interconnectedness of companies’ relationships with suppliers, customers, competitors, etc.
Traders will be able to build models based on those relationships to uncover opportunities when tracking companies.
Joe Lanza, president of Financial Markets at Dow Jones & Company, said in a statement, “Institutional sales and trading professionals are constantly looking for an advantage, and the Dow Jones feeds paired with Revere Relationships changes how news flow can be accessed, interpreted, and utilized.”
He added, “Since investment decisions are often highly dependent on the lag between events and their interpretation, the combination of real-time news with instantaneously available relationship information allows financial professionals to make smarter and faster trading decisions by gaining more comprehensive insights into markets before their competitors do.”
Continued Kevin O’Brien, chief executive officer at Revere Data, “Overlaying Revere Relationships to the Dow Jones suite of news products provides firms with an information edge in understanding the context that a given piece of news has.”